Albany International (NYSE:AIN) Price Target Raised to $67.00

Albany International (NYSE:AIN) had its price objective increased by analysts at JPMorgan Chase & Co. from $61.00 to $67.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 8.38% from the stock’s current price.

AIN has been the topic of several other reports. Truist Financial boosted their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Robert W. Baird raised their price objective on shares of Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Weiss Ratings lowered shares of Albany International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Finally, Wall Street Zen cut shares of Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $67.67.

Albany International Trading Up 4.0%

NYSE AIN traded up $2.39 during trading hours on Friday, hitting $61.82. 123,208 shares of the company’s stock were exchanged, compared to its average volume of 274,745. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -35.64, a PEG ratio of 1.51 and a beta of 1.17. Albany International has a 1-year low of $41.15 and a 1-year high of $77.00. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. The stock has a 50-day simple moving average of $61.00 and a 200 day simple moving average of $63.36.

Albany International (NYSE:AIN) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $329.48 million for the quarter, compared to analysts’ expectations of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.Albany International’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, equities analysts forecast that Albany International will post 3.14 EPS for the current fiscal year.

Institutional Trading of Albany International

Institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in Albany International during the 2nd quarter valued at $3,009,000. Roubaix Capital LLC purchased a new position in Albany International in the 1st quarter worth $3,525,000. Invenomic Capital Management LP raised its stake in shares of Albany International by 19.2% in the fourth quarter. Invenomic Capital Management LP now owns 386,053 shares of the textile maker’s stock worth $19,573,000 after purchasing an additional 62,058 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Albany International in the 1st quarter valued at $5,007,000. Finally, Gabelli Funds LLC boosted its holdings in shares of Albany International by 88.5% in the 1st quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock valued at $14,708,000 after acquiring an additional 132,226 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

About Albany International

Albany International Corp. (NYSE: AIN) develops and manufactures advanced engineered products and materials for industrial and aerospace applications. The company operates through two principal business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, process belts and related products used in papermaking and other industrial production processes. Its products support the forming, pressing, drying and finishing stages of paper manufacturing, as well as selected applications in nonwoven materials and other process industries.

Albany Engineered Composites manufactures lightweight, high-performance composite components and structures for commercial aerospace, military and other demanding applications.